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Archive
- 11/8/2024 -
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Waste Management, Inc. (WM) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Waste Management, Inc. (WM). During the week, the WM gained 10.10 points, or 4.72%, and closed at 224.10 on Friday, November 8, 2024. It was the best weekly gain since August 2, 2024. WM was trading at average weekly trading volume.
WM is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See WM long-term trend chart]
A long-term uptrend had started on March 25, 2020 at 85.34 and reached 226.40 on November 8, 2024. WM gained -141.06 points, or -165.29%, in 241 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (179.32) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
Medium-term trend: [See WM medium-term trend chart]
A medium-term uptrend had started on July 26, 2024 at 196.59 and reached 226.40 on November 8, 2024. WM gained -29.81 points, or -15.16%, in 15 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (205.89) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See WM weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
 Short-term trend: [See WM short-term trend chart]
A short-term uptrend had started on September 18, 2024 at 200.29 and reached 226.40 on November 8, 2024. WM gained -26.11 points, or -13.04%, in 51 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See WM daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since October 28, 2024. This is an indication that the short-term trend is up.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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